City of Edinburgh Council Superannuation Fund will review its U.S. equity mandates this summer, said Keith Shepherd, head of investment and treasury.
Four-year contracts with Putnam Investments and Oppenheimer Capital are slated to expire by year end. The managers run about L75 million (U.S.$124 million) each, Putnam for a growth mandate and Oppenheimer for a value portfolio. Mr. Shepherd said he hopes to enter into five-year contracts.
The L1.5 billion (U.S.$2.48 billion) fund also hired Lloyd George Management to run a L20 million global emerging markets portfolio, its first separate account in that asset class.
